Variant Private Wealth LLC Makes New $2.71 Million Investment in Direxion Daily Semiconductors Bull 3X ETF $SOXL

Variant Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,297 shares of the company’s stock, valued at approximately $2,705,000. Direxion Daily Semiconductors Bull 3X ETF comprises about 2.4% of Variant Private Wealth LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOXL. IMC Chicago LLC boosted its stake in Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock worth $18,389,000 after purchasing an additional 324,775 shares during the period. Optiver Holding B.V. increased its stake in Direxion Daily Semiconductors Bull 3X ETF by 831.0% in the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after purchasing an additional 251,587 shares during the period. Client First Investment Management LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 117.3% in the third quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock valued at $4,827,000 after buying an additional 17,621 shares during the last quarter. Clearwater Capital Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter valued at about $791,000. Finally, Triton Wealth Management PLLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter valued at about $731,000.

Direxion Daily Semiconductors Bull 3X ETF Trading Up 6.9%

Shares of SOXL traded up $6.71 during mid-day trading on Wednesday, hitting $104.26. 50,615,162 shares of the company’s stock were exchanged, compared to its average volume of 72,405,211. Direxion Daily Semiconductors Bull 3X ETF has a fifty-two week low of $28.12 and a fifty-two week high of $302.00. The firm has a market capitalization of $19.58 billion, a P/E ratio of 35.63 and a beta of 5.75. The business’s 50 day moving average is $127.59 and its two-hundred day moving average is $151.74.

About Direxion Daily Semiconductors Bull 3X ETF

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.